FP Markets mobile app brings a smooth experience for mobile traders. It comes with many benefits including demo trading and ultra-competitive spreads.
Every time a question about brokers pops up during a regular conversation, most likely, you will hear FP Markets a lot. FP Markets is one of the most used trading platforms globally. This platform is well known for its versatility and affordability. But can this platform answer the traders' needs?
Most of the time, a broker uses desktop-based trading platforms. But nowadays, brokers must have simple-to-use apps that can provide the same services as desktop platforms as more traders and investors utilize their smartphones for trading. In January 2021, FP Markets announced a new mobile app, available for both iOS and Android. It is a well-designed, easy-to-use application available to anyone with MetaTrader login credentials.
Why does this trading application, which impressively gained 4.8 stars on Google Play Store and received more than three hundred reviews, becomes an easy "go-to app" for traders? Is the application really good? What features distinguish this application from its competitors? Let us take a little tour!
Can everyone use this application? Yes! This trading application is available for both Android and Apple users. You just need to download it via Google Play Store for Android phones and Apple Store for iOS. Please be informed that for Android users, your phone must run on Android 6.0 and up, and make sure you have enough space on your phone since it requires at least 28 MB. For iPhone users, this application requires iOS 11.0 or higher with the application sized 110.2 MB. Moreover, this application is supported with an advanced client portal to track your trading in real-time
To start downloading the app, you can refer to one of these links:
This part could be a deal breaker for a mobile application. Fortunately, FP Markets offers a super user-friendly interface. With just a swipe away, you will find all the features offered. The interesting part is also found in layout adjustments. This mobile version offers a more convenient way to do on-the-go trading with only one hand. A fully packed feature from the desktop version is now in the pocket and more appealingly, building your own favorites menu to quickly switch between instruments is now possible.
What's on the plate? Well, this application is quite bulky. Featuring 60+ currency pairs including all the major currencies (EUR, GBP, USD, AUD, CHF, JPY, NZD, CAD), users can easily find the best suit. This trading application also provides CFD trading across shares, indices, and commodities. In addition, those who are into cryptocurrency are able to trade using this application. Real-time pricing for liquidity is also available in this FP Markets mobile app.
Login and Demo Trading
For first-time users, live and demo log-ins are available via the mobile app. The interesting point is, you can start demo trading for FREE for 30 days. This demo account is highly beneficial for first-time users to take a dip into the trading world. Not many applications have this kind of feature on the mobile version so take it as a sweet treat for beginners.
Spreads and Funding Methods
At least for its commission-based ECN account offering, FP Markets is one of the most cost-competitive brokers available to traders worldwide. With an average spreads of 0.1 pips per October 2021, FP Markets' Raw ECN account offers low spreads. Even for the Standard account, the spread is relatively low around 1.2 pips. For funding methods, a wide variety of options is available including credit cards, debit cards, wire transfers, PayPal, BPAY, Neteller, Skrill, and more.
Language and Security
There are many language options for users. At least 23 languages are available to choose from in order to make your trading activities run smoothly, including English (US, UK, Canada), Italian, Arabian, Danish, Thai, Vietnamese, Chinese, and Greek. A big applause for this bold move.
Unfortunately, there is only one-step authentication available when you log in to the application. This application also lacks other security methods such as Face Recognition or Fingerprint login.
Charting and Trading Tools
Simple charting is available on FP Markets. There are no drawing tools but do not worry too much as the outstanding charting capabilities from the MetaTrader services are also available in FP Markets.
With this feature, you can set stop-loss and take-profit limits. MAM/PAMM, VPS, Toolbox, Forex Calculator, and Autochartist are also available on your palm with customizable trading conditions.
FP Markets mobile app's search capabilities are effective. You can conduct a search by entering the product name in the search box or by browsing the category folders. The experience has been great since this search function is one of the key features of the application that will be used frequently.
A 24-hour multilingual support is available to help you throughout your journey. You can reach out to FP Markets' award-winning Customer Support via phone, email, or Live Chat. A set of FAQs is also available to assist you with common inquiries. This could be a strong aspect to create a super friendly and helpful way to ensure the smoothness of using the application.
The majority of FP Markets' analysis may be found on its website in the Traders Hub, where it is divided into technical and fundamental analysis. FP Markets still has space for improvement when compared to the finest brokers for research. It may improve its research offering by expanding it to include a greater variety of daily material.
On its official YouTube channel, FP Markets regularly posts written pieces and videos. Top-tier news suppliers including Citibank, Rabobank, Commerzbank, Reuters, and other forex news providers continuously stream headlines into the FP Markets MetaTrader platforms.
This is the major part when choosing a trading platform. Thank God, FP Markets has it covered. Various video training on how to trade, operate the trading platform and use sophisticated trading techniques are available to watch. If you prefer to read, e-books can be the best choice to upgrade your knowledge.
So, should you choose this mobile application? The answer is simply yes. Firstly, the mobile adaptation is well executed. The desktop features are perfectly bridged to the mobile interface. For both new users and regular desktop users, this could be a crucial aspect of everyday use. The competitive spreads are also the strong point here. For beginners, this is a deal that cannot be missed. And do not forget the demo mode, which is quite rare on mobile applications.
Unfortunately, the security can be better. Some flaws are also visible in other aspects such as the lack of authentication methods and limited charting.
Nevertheless, this application is still worth a shot. Imagine bringing a desktop experience in your pocket; trading activities would be more efficient, smooth, and lucrative.
FP Markets is a trusted global broker offering more than 10,000 CFD products across forex, shares, indices, commodities, and cryptocurrencies. This broker supports low commissions and tight raw spreads from 0.0 pips that are made possible by their partnership with leading banking and non-banking financial institutions. Start open your FP Markets account here.